July 22, 2014 – Gov. Andrew Cuomo, D-N.Y., issued the following news release: Governor Andrew M. Cuomo, in partnership with the de Blasio administration, today announced that MediaMath, Inc., a software company, will relocate its new headquarters to 4 World Trade Center in Lower Manhattan and create 1,000 new jobs over the next five years. MediaMath will develop the new space to consolidate its current three New York City offices with more than 300 employees and accommodate its rapid growth.
“MediaMath has experienced staggering growth over the past few years and this move is both momentous and rewarding – and a true indication of the company’s impact in the industry,” said Joe Zawadzki, CEO, MediaMath. “We look forward to bringing our talent, energy, and culture to Lower Manhattan and continuing to expand our business at 4WTC amongst the growing downtown technology and media community.” MediaMath projects adding 200 jobs this year and maintaining a steady pace each year thereafter. The company recently sought to identify new space to consolidate their New York City workforce and accommodate their expected job growth. MediaMath considered locations in New York and New Jersey, and ultimately elected to significantly invest in and consolidate its headquarters to Lower Manhattan. The investment is supported by a $5.8 million federally funded Job Creation and Retention Program (JCRP) grant jointly offered by ESD and NYCEDC. The State and City’s incentive package was a major factor in keeping the company in New York City and assisting with the move to Lower Manhattan.
“MediaMath is taking the next step and creating a unified headquarters with hundreds of new employees and when businesses are poised for major growth, it’s our job to make sure it happens here,” said Empire State Development President, CEO & Commissioner Kenneth Adams. “There’s no better place to grow than the Empire State and our efforts have led to an increasing number of companies creating new economic opportunities for New Yorkers.”